It’s a recipe for trouble, says RBC Wealth Management; while a majority of Americans say they will need to rely on Social Security benefits in retirement, most are not hopeful those benefits will be there. Worse, few are taking action today to cover the potential gap.
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According to Alexi Maravel, associate director at Cerulli, the way a particular insurance company is reacting to a likely interest rate hike depends on its business line. Life insurance companies, for example, are making investment adjustments to their surplus assets, while, on the other end of the spectrum, health insurers are raising liquidity.
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October was a slow month for trades in defined contribution (DC) plans as participants transferred an average of 0.018% of total balances per day—the lowest monthly trading level since June 2014, according to Aon Hewitt.
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